Cherokee Inc. is a merchandiser that provided the following information: Amount Number of units sold 11,000 Selling price per unit $16 Variable selling expense per unit $1 Variable administrative expense per unit $1 Total fixed selling expense $20,000 Total fixed administrative expense $15,000 Beginning merchandise inventory $11,000 Ending merchandise inventory $26,000 Merchandise purchases $88,000. Required:
a. Prepare a traditional income statement.
b. Prepare a contribution format income statement.

Based on the supply and demand theory, why do medical doctors earn higher wages than child-care workers?

Acompany that adapts its product mix to meet the needs of a new market is using which of the following global marketing strategies market development diversification strategy product development undiversified

Coca-cola was primarily known for its core competencies in marketing, bottling, and distributing aerated drinks. however, with the success of gatorade, coca-cola developed competencies in the development and marketing of its own sports drink, powerade. which of the following is true of coca-cola? a. it is leveraging existing core competencies to improve current market position. b. it is building new core competencies to protect and extend its current market position. c. it is redeploying and recombining existing core competencies to compete in markets of the future. d. it is targeting the chasm between the early adopter and early majority market segment.